Good points mate.
WA gas is mostly used for industry and mining. SE Australian gas is more for domestic use- hence seasonal.
Note also that Otway is wet gas- so as gas production decreased so did gas liquids, condensate and LPG- so that really hurt- gas liquids is where the profits are.
Pity, the thesis was that BPT had well located assets to take advantage as Bass Strait JV production goes into decline- and it is declining.
I shall have another look at BPT- consider the price- and think about getting back in or not. This stock had been good for me earlier. Management cannot create oil and gas they can only look for it- and ditto they cannot create winter and spring frost etc.
Good luck to all holders.
IMHO DYOR
Ann: FY24 First Quarter Activities Report, page-4
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$1.43 |
Change
0.035(2.52%) |
Mkt cap ! $3.250B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.43 | $1.40 | $6.146M | 4.329M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11689 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 66762 | 6 |
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